Global Industrial Wearable Devices market Market Sales, Size, Revenue Status, Analysis, Trends & Forecast During 2018-2023

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    Global Industrial Wearable Devices Market
Propelled by Industry Specific Solutions

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Report Description and Highlights
Report Description
  Global Industrial Wearable Devices Market
Propelled by Industry Specific Solutions The
global industrial wearable devices market has
witnessed a healthy growth over the past several
years. This can be accredited to the various
advantages offered by these devices such as
real-time data exchange, reduced error rate and
enhanced work efficiency. IMARC Groups latest
study, entitled Industrial Wearable Devices
Market Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2018-2023,
finds that the global industrial wearable devices
market reached a value of US 1.5 Billion in
2017. Wearable devices, also known as wearables,
refer to electronics that can be worn on the body
as a part of clothing or as an accessory. The
major advantage offered by these devices is their
ability to connect to the internet and facilitate
real-time data exchange. In recent years, the
ubiquity of smartphones and internet connectivity
has led to the proliferation of wearable device
technology in both the consumer and industrial
markets. In the industrial segment particularly,
these devices offer huge opportunities for
reducing error rate, improving work efficiency
and enhancing safety of the workers. As a result,
these devices are witnessing rapid uptake in
various industry verticals ranging from retail to
manufacturing.
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Report Description and Highlights
Report Description
Global Industrial Wearable Devices Market
Trends Wearable devices incorporate various
sensors that can track data related to the user's
vital signs, fitness or location. The increasing
RD activities and integration of virtual reality
and augmented reality in these devices have led
to their usage in applications ranging from
training of new employees to recovering motor
functions during rehabilitation. Keeping this in
view, the industry players are introducing
wearables for industry specific applications. For
instance, smart glasses are being developed for
the healthcare sector so as to facilitate expert
consultation, knowledge sharing and hands-free
access to patient information. Similarly, health
monitors are being used by companies for
employees who work in hazardous environments such
as mines, construction sites and various
manufacturing facilities. Several companies are
also providing fitness monitors as a part of
their wellness programs where these monitors
offer insights about the health status of an
employee along with customized health advice.
This is expected to enhance productivity and
reduce the number of sick days. Looking forward,
the market is projected to expand at a CAGR of
9.6 during 2018-2023, exceeding a value of US
2.6 Billion by 2023. Read more here
https//www.imarcgroup.com/industrial-wearable-dev
ices-market
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Report Description and Highlights
Report Description

• Global Industrial Wearable Devices Market
  Segmentation
• On the basis of product type, smart watches
  represent the largest segment, accounting for
  majority of the total market share. Other
  segments include smart glasses, fitness tracker
  and wearable camera.
• Based on application, the market has been
  segregated as training and simulation, warehouse
  management, service and maintenance, and others.
• On the basis of industry, the market has been
  segmented into transport and logistics, retail,
  manufacturing, healthcare and others.
• On a geographical front, North America dominates
  the market, holding the largest global share.
  Other major regions analyzed in the report
  include Europe, Asia Pacific, Latin America, and
  Middle East and Africa.
• The key players operative in the market include
  Epson, Apple, Fujitsu, Microsoft, Google, ASUS,
  Vuzix, Fitbit, Honeywell, Garmin, Jawbone, Nike,
  Motorola, Samsung, Pebble, Sony, SAP, Eurotech
  and Xiaomi.
• Want more information about this market? Request
  a free report sample
• https//www.imarcgroup.com/request?typereportid
  915flagB

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Report Description and Highlights
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Report Description and Highlights
Report Description

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